Calls for FCA to reform calculation methdologies

Trustees Agenda posted on 5 October, 2018

The Investment Association has recommended swift action to address the flaws of the Packaged Retail Insurance-based Investment Products (PRIIPs) regulation, specifically the methodology for calculating transaction costs. Among its recommendations, the Investment Association called for 'immediate action by the FCA to suspend and replace flawed calculation methodologies in MiFID II and DC workplace pension scheme disclosure across the UK.'